Evergrande founder jailed for life as China draws a line under its property bust
Hui Ka Yan's spectacular fall from billionaire property tycoon to prisoner marks a dramatic reckoning for the debt-fuelled business model...
Category : Featured
US debt tops USD 40 trillion, Trump again calls for lower interest rates
In a headache for the White House, the debt, that was below USD 20 trillion in 2016, has more than doubled in roughly a decade...
Japan to have its first large shipbuilding dock since 2017 as Tokyo eyes industry revival
Tokyo is fighting hard to revive an industry that once led the world but has slipped to a distant third behind China and South Korea...
African sukuk issuers should tap into high GCC liquidity, says Fitch Ratings
The ratings agency sees Africa's USD 7 billion sukuk market growing but being held back by structural gaps that prevent it from scaling rapidly...
European financial firms set for record 228 billion euro in payouts
Banks and insurers are on course to hand shareholders their biggest-ever haul of dividends and buybacks, capping a historic run for the sector...
Battle of wealth hubs: Singapore unveils fund manager tax breaks to counter Hong Kong
MAS proposes profit exemptions and easier visas for investment professionals as the city state fights to stem an exodus of hedge fund talent to its rival...
Zurich-based EFG sells UK wealth management business Harris Allday to rival Canaccord
Harris Allday provides wealth management services primarily to affluent clients in the Midlands region of the United Kingdom...
Libya seeks up to USD 40 billion to unlock oil and gas potential
The North African producer targets two million barrels a day by 2030 as it seeks foreign capital to develop more than 60 untapped fields...
Aramco and Maaden dig deep into Saudi Arabia’s USD 2.5 trillion mineral wealth
New joint venture will explore 182,000 sq km for copper, rare earths and other critical minerals as Riyadh accelerates its post-oil diversification drive...
Operation Blue Skies: Google, UK launch AI trial to cut aviation contrails over North Atlantic
The initiative will reroute some flights across Shanwick airspace, testing whether contrail avoidance can be scaled across an entire oceanic corridor...